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The City is m,ht,,dzed by law to ~ter into this Agr~m/mt arid to catO, out its obli~lio~s he~d~. <br /> <br /> (b) The City has f-cnmd ~ ~ ~ ~ct is a "~¢ Dewlopm~nt T~x ~ Financ/ng District," <br />purs~_t ti) lV~mesom gtamtea, Section 4~9,174. <br /> <br />nmi t.M creaian of employment oppammitie~. <br /> <br /> (0 The City wj3l ~e with the Devel~th teq~ to emy li~gsfion, oth~ them l~gafion iu ~aich ~ <br />City ~ th~ Devel~ am adverse parfi~ c~m~mo~.. ~ ~ ~ the TIF Pla~ Progr~ or ~m~mum hnprovm~ <br /> <br /> The D~d~ Property ia properly :~,~1 for the dm~l .o~efs kmmded use and fl~ M~mum <br />hnpro~ ~maph~d by ~ comm~on Plar~ ar~ i~ coafomfity ~ the Pwgram and T]~ Em <br /> <br />o£~ D~aope~ or fl~ C~ i,~ the Dev~opmemDi~ct mayb~ or v,~ b~, ~ ~o~o~. of may emMronm=~ hw ~ ~ <br /> <br />o/~ whkh would caase k to be in violalic~ o~ or giv~ any IX~'s~ a valid dnlm. und= any local, sta~ or leda-al eaviroimatm~ <br />law, regul~on or ~'eiew proeedu~ <br /> <br /> The ~W w~ pto~d~ fl~ £o~ow~g fin~c~ a~imn~ to fl-~ Developer of~e Developme~ Prope~. The <br />vah~ of iris ass~me w~ b~ a to~fl of One Hundred Thirty Two Thousand Six Hundred Eighty <br />$132,680 <br />( _ -_ ). Tlz fmaaci~ asslst~c~ frc~ tt~ City ~ be ~ upon the followh~ <br /> <br />Title to the Development property, site improvements <br />and capitalized imterest <br /> (j) ~ ~ atd cadi~o~ oft. he ~ Es~-ow 8ze ~ ~ow: <br /> <br />~ I32,689..00 <br /> <br />(c) r-~re~ Up~ ~ of the Interim Esax,w, tl~ fo~ ~ b~ p~ed in a Ciw <br />~ bearing ~ account with intta~ accruing m the s~d~d arm fmmdd <br />aw. ami r'~e. All Mte~t 8ccm~ on the Inte, tim E~crow aeeotm~ ahall b, paid to D~dop~r a~ the lime of <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />I <br />I <br />I <br />I <br /> <br /> I <br /> I <br /> <br />I <br />I <br />I <br />I <br /> <br /> <br />